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Haldex AB (HLDX.ST)

HLDX.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Haldex Q3 core profit drops as takeover costs linger
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Haldex AB :Q3 ‍net sales, SEK 1,081​ mln (1,076).Haldex AB Q3 ‍operating income, excluding one-off items, SEK 68 mln (80)​.Says ‍after currency adjustments, net sales increased by 3%​.Says ‍assessment of 2017 is that it will be a year during which production volumes could exceed last year's levels​.Says ‍but with unexpected and rapid change in demand we are still in a situation where we cannot fully benefit from situation​.Says ‍our earnings forecast for 2017 has not changed​.Says ‍our ambition is to continue to ensure good profitability, but due to higher costs from takeover process, operating margin for 2017 is forecast to be slightly lower than in 2016.​.Says ‍convinced that, as we approach 2018, Haldex will be able to benefit from improved market conditions and current strategic partnerships will result in an even stronger position in market​.Says ‍upswing in demand during Q3, while positive, also resulted in higher costs​.Says ‍for example, we added more shifts in some factories and deliveries had to be rescheduled at a higher cost​.Says ‍quarter continued to be burdened by takeover process, which has diverted focus and resources​.  Full Article

ZF says will not complete Haldex bid
Wednesday, 5 Oct 2016 

Haldex AB : ZF says will not complete offer to shareholders of haldex . Offer has been accepted by shareholders representing 4,238,980 shares, corresponding to 9.59 percent of total number of shares and votes in haldex . ZF holds in total 9,582,715 shares, corresponding to 21.67 of total number of shares and votes in haldex Further company coverage: [HLDX.ST] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

Knorr-Bremse ups Haldex stake to 14.9 pct
Friday, 23 Sep 2016 

Knorr Bremse AG : Knorr-Bremse acquires additional shares in Haldex and adjusts the terms of the offer . Says purchase agreement contains provisions on potential additional consideration . Says at time of this announcement Knorr-bremse owns in total 6,595,039 shares in Haldex, corresponding to 14.91 per cent of all shares and votes in haldex . Says Knorr-Bremse AG has acquired 1,575,039 additional shares in haldex ab (publ) ("haldex"), corresponding to 3.56 per cent of all shares and votes in Haldex . Says shares bought at a price of SEK 125 per share, from Carnegie . Says on account of agreement with Carnegie, offer terms are adjusted so that all shareholders in Haldex whose shares are acquired by Knorr-Bremse in offer are entitled to a corresponding additional consideration ."The acquisition of a further stake in Haldex again confirms the attractiveness of our offer to the shareholders of the company. It reflects the positive feedback from investors which we received over the last days", said Klaus Deller, Chairman of the Executive Board of Knorr-Bremse.  Full Article

Haldex board recommends shareholders accept ZF bid
Thursday, 4 Aug 2016 

Haldex Ab : Board of directors of Haldex unanimously recommends that shareholders of Haldex accept offer by ZF . ZF is offering sek 100.00 per Haldex share which corresponds to a total offer value of approximately SEK 4,411 million . Completion of offer conditional on shareholders accepting offer to such an extent that ZF becomes owner of shares in Haldex representing more than 90% of total . No decisions have been made on integration of Haldex within ZF group, including as regards changes to employees or management . Acceptance period of offer is expected to commence on or around 22 August 2016, expire on or around 30 September 2016 . ZF has reserved right to in whole or in part waive these and other conditions for completion of offer . Board has also taken into account that offer is clearly superior to offer from SAF-Holland Further company coverage: [HLDX.ST] ((mia.shanley@thomsonreuters.com;)).  Full Article

Saf Holland publishes offer document for all-cash offer for Haldex
Monday, 1 Aug 2016 

Saf Holland SA : Saf-Holland publishes offer document for all-cash offer for Haldex: acceptance period commences on Aug. 1 .Haldex shareholders can tender shares beginning on Aug. 1, 2016.  Full Article

Haldex Q2 adjusted op income narrowly misses forecast
Friday, 15 Jul 2016 

Haldex Ab : Q2 net sales, SEK 1,147 mln vs year-ago 1,290 mln . Says operating income for Q2 excluding one-off items amounted to SEK 87 mln vs year-ago 137 mln . Reuters poll: Haldex Q2 adjusted op income was seen at SEK 96 mln, net sales at SEK 1.14 bln . Says European market is looking promising in 2016 with an increase in order intake . Says North America is forecast to continue its weak development and may be impacted further by a decline in trailer segment during fall . Says China has already begun showing signs of growth and we now have a more positive outlook for China for full year. . Says we are sticking with our forecast that 2016 will be a year where we will still be feeling effects of events in North America and struggle to generate growth .Says our goal is to continue ensuring solid profitability, and the operating margin for the first half of the year can be considered realistic under current market conditions.  Full Article

SAF Holland announces offer to acquire Haldex for SEK 94.42 /shr in cash
Thursday, 14 Jul 2016 

SAF Holland SA : Announces offer for shares in Haldex . Announces offer to acquire Haldex for 94.42 Swedish crowns per share in cash to create a new integrated group for chassis-related components . To acquire all issued and outstanding shares in Swedish Haldex AB (publ) ("Haldex") for SEK 94.42, corresponding to a total offer value of 4,165,241,047 Swedish crowns ($490.98 million)(442.10 million euros) for shares in Haldex .Intends to refinance parts of purchase price for Haldex by way of a capital increase.  Full Article

SAF HOLLAND announces an all-cash offer for Sweden's Haldex
Thursday, 14 Jul 2016 

SAF HOLLAND SA : Saf-Holland announces an all-cash offer to the shareholders of Haldex . Says saf-holland offers SEK 94.42 in cash per share in Haldex . Says total offer value for all outstanding shares in Haldex amounts to SEK 4,165 million .Says offer represents premium of 10.8 per cent to closing price of sek 85.25 of haldex shares on nasdaq stockholm on 13 july 2016, last trading day before announcement of offer.  Full Article

Haldex AB and China's VIE in JV to develop electromechanical brakes
Wednesday, 4 May 2016 

Haldex AB:Haldex and VIE in joint venture to develop electromechanical brake systems.Says initial focus will be on growing electrical bus market in China and joint venture is expecting revenue from year 2020 and onwards.Says Haldex and VIE will set up a green field joint venture with parties owning 50 percent each.Says joint venture will capitalize on Haldex' early development of electromechanical brake systems, not released to market, and VIE's position and customer base on Chinese market.  Full Article